Housing Down Payment Loans/grants | City Of Covington
20 West Pike Street, Covington, KY 41011
Eligibility
- The borrower's annual household income must not exceed 80% of the area's median income.
- All properties must be one to two units, owner-occupied or vacant, and meet minimum local housing standards.
- The purchase price or appraised value of the home after any repairs must not exceed the purchase price limits established by HUD.
Required documents
Additional documents requested as needed,Other documents (Fully accepted purchase contract. City staff will obtain household income information and supporting documentation to determine eligibility after a contract is presented.)
Hours
mon 12:00am - 11:59pm
tue 12:00am - 11:59pm
wed 12:00am - 11:59pm
thu 12:00am - 11:59pm
fri 12:00am - 11:59pm
sat 12:00am - 11:59pm
sun 12:00am - 11:59pm
(859) 292-2105
Voice·
voice | Homebuyer Assistance Loan Program
Email[email protected]
Application process
Application required. Applications may be completed online.
Fees
No monthly payments. One tenth of the loan will be forgiven for every year the owner occupies the home. Home buyers are still responsible for financing the remainder of the house purchase cost through a conventional lender.
Service area
Covington, Kentucky
Newport, Kentucky
Bellevue, Kentucky
Florence, Kentucky
Dayton, Kentucky
Independence, Kentucky
Erlanger, Kentucky
Ludlow, Kentucky
Accepts applications for zero-interest, deferred, forgivable loans up to $10,000 to assist with down payment and closing costs for an owner-occupied home in the cities of Bellevue, Covington, Dayton, Erlanger, Florence, Independence, Ludlow, or Newport.
Last assured
06/30/2024
What's Here
Providing organization
City Of Covington
Local government administrative offices for the city of Covington, Kentucky.